HomeNewsSaudi Aramco, Investors Discussing $10 Billion Pipeline Deal — Sources

You have reached your limit of free News posts.

Please sign up for one of our PREMIUM SUBSCRIPTIONS to continue your access to Global Energy Infrastructure. 

Saudi Aramco, Investors Discussing $10 Billion Pipeline Deal — Sources

10/13/2020

DUBAI (Reuters) — Saudi Aramco is in talks with BlackRock and other investors on a planned deal worth over $10 billion to sell a stake in its pipeline business, sources said.  The deal, internally dubbed "Project Seek", is still in its initial phase and there is no formal decision on the investors yet, one of the two sources familiar with the matter said. The transaction would be similar to infrastructure deals signed this and last year by Abu Dhabi's national oil company ADNOC. Those raised billions of dollars by leasing its oil and gas pipeline assets to investor partners. The deal would provide Aramco with cash at a time of low oil prices caused by the coronavirus crisis. It also f

LOG IN to view this news article.

Not Yet A Subscriber? Here are Your Options.

1) Sign up to receive our monthly newsletter here and gain access to all articles and resources.

2) SUBSCRIBE to Global Energy Infrastructure and gain ACCESS to premium data for the energy industry.*

 

*Access will be granted the next business day.